Uruguay launches campaign on “Cryptocurrency Scams”

The Ministry of the Interior of the Uruguayan government started the information campaign to avoid scams with cryptocurrencies. The campaign “False Coins: Cryptocurrency Scams” aims to raise awareness among citizens and support the identification of the different forms of theft that are carried out with cryptocurrencies.

The campaign addresses the different most frequent crimes identified in 17 Latin American countries and the European Union, during an investigation carried out by the Spanish Civil Guard

The campaign being carried out by the government of Uruguay is part of the “program called El PAcCTO initiated in the European Union, its objective is to help combat international organized crime together with Latin American countries. The project recently started disseminating data on the threats detected in the cryptocurrency market.”

In addition to raising awareness and educating citizens about this type of crime, the campaign also plans to collect information on the number of complaints generated in each country in order to diagnose their criminal environment and assess joint operational strategies between security entities from both regions.

Types of cryptocurrency scams

For the Ministry of the Interior of Uruguay, digital currencies are a “media phenomenon” and a brand-new legal and useful financial investment instrument as long as people know how to use them. But, in his opinion, as a result of this fame, a series of scams have appeared that, using cryptocurrencies as a hook, confuse investors to steal their money.

Through the messages spread in the campaign, the various forms of cryptocurrency scams are exposed. The messages show the six types of fake cryptocurrencies used to carry out the scams:

• Web currencies: They appear to be web pages that offer cryptocurrency buying and selling services. The simulation is so high that it is difficult to determine its falsity.
• AppCoin: These are applications that appear to be real wallets, but the objective is to obtain people’s data.
• BesuCoin: These are platforms with the aim of meeting and looking for friends and partners. After a process of “seduction”, the virtual partner or boyfriend proposes to “invest in bitcoins, treating the proposal as a hoax”.
• CelebriCoin: They use the image of a famous person, generally on social networks, so that people access a “fraudulent service or give your bank details”.
• MailCoin: You will receive an email requesting you to change your password, and it offers you the opportunity “to get rich very quickly and, perhaps, on the recommendation of someone you know”.
• PiramiCoin: Promises irrefutable dividends in cryptocurrencies and if you recommend different friends and get them to join the service, your earnings will increase. “They work like a pyramid in the style of Ponzi schemes.”

These types of scams were identified by tracking the modus operandi used by criminals. Police and prosecutors from Argentina, Bolivia, Chile, Colombia, Costa Rica, Ecuador, El Salvador, Spain, Guatemala, Honduras, Mexico, Panama, Paraguay, Peru, Portugal, the Dominican Republic and Uruguay participated in the study.

M. Rodríguez

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Source: criptoides.com